Wall Street brokerages expect Vonage Holdings Corp. (NYSE:VG) to announce $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Vonage’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.11. Vonage posted earnings of $0.07 per share during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, November 2nd.

On average, analysts expect that Vonage will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.40. For the next year, analysts anticipate that the firm will post earnings of $0.34 per share, with EPS estimates ranging from $0.25 to $0.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Vonage.

Vonage (NYSE:VG) last issued its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $260.00 million during the quarter, compared to analysts’ expectations of $254.95 million. Vonage had a negative net margin of 1.14% and a positive return on equity of 16.92%. Vonage’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share.

A number of brokerages recently issued reports on VG. Citigroup upped their price objective on shares of Vonage to $16.00 and gave the stock a “buy” rating in a report on Monday, July 16th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Vonage from a “buy” rating to a “hold” rating in a report on Saturday, August 4th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of Vonage in a report on Wednesday, August 1st. Finally, William Blair reiterated an “outperform” rating on shares of Vonage in a report on Monday, September 24th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $12.83.

NYSE:VG traded down $0.13 during trading hours on Monday, reaching $13.45. The company’s stock had a trading volume of 1,184,844 shares, compared to its average volume of 1,798,170. The stock has a market capitalization of $3.25 billion, a PE ratio of 48.04, a P/E/G ratio of 7.48 and a beta of -0.06. Vonage has a one year low of $7.85 and a one year high of $14.73. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.35.

In related news, SVP David Levi sold 4,113 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $13.68, for a total value of $56,265.84. Following the sale, the senior vice president now owns 4,113 shares of the company’s stock, valued at $56,265.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey A. Citron sold 233,332 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $14.43, for a total transaction of $3,366,980.76. Following the completion of the sale, the director now directly owns 10,650,784 shares in the company, valued at approximately $153,690,813.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,550,893 shares of company stock valued at $35,711,797. Company insiders own 8.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of VG. BlackRock Inc. increased its stake in Vonage by 13.3% in the second quarter. BlackRock Inc. now owns 30,970,520 shares of the technology company’s stock valued at $399,210,000 after acquiring an additional 3,641,447 shares during the period. Glenmede Trust Co. NA increased its stake in Vonage by 238.6% in the second quarter. Glenmede Trust Co. NA now owns 3,950,418 shares of the technology company’s stock valued at $50,920,000 after acquiring an additional 2,783,664 shares during the period. First Trust Advisors LP increased its stake in Vonage by 12.2% in the second quarter. First Trust Advisors LP now owns 8,924,929 shares of the technology company’s stock valued at $115,042,000 after acquiring an additional 972,857 shares during the period. Renaissance Technologies LLC increased its stake in Vonage by 147.6% in the second quarter. Renaissance Technologies LLC now owns 1,153,600 shares of the technology company’s stock valued at $14,870,000 after acquiring an additional 687,600 shares during the period. Finally, Federated Investors Inc. PA grew its stake in Vonage by 32.1% during the second quarter. Federated Investors Inc. PA now owns 2,086,935 shares of the technology company’s stock worth $26,901,000 after buying an additional 507,649 shares during the last quarter. 85.00% of the stock is currently owned by institutional investors and hedge funds.

About Vonage

Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Business Cloud and Vonage Enterprise services.

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Earnings History and Estimates for Vonage (NYSE:VG)

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